You have to follow many regulations as a small business owner--many of which apply to your employees. There are at least twenty state and federal laws applicable to small businesses that employ fifteen or fewer employees.

We cannot beg, shame or coerce venture capitalists into putting their money on the table in more diverse regions. But if we stay focused on building our own world-class entrepreneurial ecosystems, we won't have to. It will happen naturally.

Whether regulation is hampering business and stymieing job creation is just as important as whether the public interest is being served and what would be lost if the regulations were rolled back or pruned.

But alas, in the real world even the smallest business owner needs to realize that we are in a co-dependent relationship with office holders in our cities, counties, states and even at the head office in Washington, DC.

While I do wish that the macroeconomic situation in the country wasn't making it so hard for the Startup America initiative to generate outcomes more quickly, I actually couldn't be more impressed with the speed and the implementation of the White House's program.